Off Plan Investments on the Costa del Sol
The word is out!
Every investor knows that considerable savings can be made by buying an apartment, townhouse or villa Off Plan on the Costa del Sol.
Everybody knows the strength of the property market here is such that some new developments are sold before construction is completed.
But the days of re-selling before completion for a tax free profit are long gone, you should not purchase a property off plan here, unless you intend to keep it.

Many off plan speculators wishing to re-sell before completion bought too late, or in the wrong developments or areas, some are unable to resell before completion for the quick profit they expected, or to achieve the best rental income because they purchased in the wrong development, do not let this happen to you.

Most investors purchase in the wrong development because they are badly advised or take no advice at all.
It is a fact that the inferior location and over priced developments pay the highest commissions to agents and receive the most publicity, do not believe the hype, TV advertising is very expensive, guess who pays for it?
For top specification on the western Costa del Sol you should not be paying much over 2,000 euro per square metre of construction, some folks are paying over 3,500 euro per square metre!

Selecting the right unit, in the right development when buying off plan is not easy,
the location, infrastructure, the history of the developer, financing and bank guarantees are all very important, as are the terms and conditions of the sales purchase contract, and the payment terms, all which can and should be negotiated.

So, from whom should you take advice?
Well, here are some factors you should consider:
Choose an agent who is GIPE. or API. qualified and licensed, who was in business here pre 2,000 when the Spanish real estate industry was deregulated.
Choose an agent who has good local knowledge and has been in living and in business here for at least 10 years.
Choose an agent who is a member of the Infocasa Directory Database, how else can they hope to be up to date on well over 1900 new developments?.
Also bear in mind that the "lame duck" developments" pay the highest commissions to agents.
Large real estate companies, have high overheads and unqualified staff working on a commission basis, they don't care what they sell you, and they won't be here when you have a problem.
For more information please read our Property Buyers guide

As licensed consultants, our privileged knowledge of current and coming development allows us to maintain an investment, "Hot list" of the best value off plan and pre release projects.
We have a 100% success record that we are proud to maintain!
For more information about us and our company see about us

So whether you are looking for a holiday home, rental income, a combination of both, or to relocate here in the sun, we can help you find the right property, on the terms best suited to your circumstances.
Have a look at the New Developments Directory
Contact us with your preferences and price range in order that we can recommend the most suitable developments for your needs.

Current Prices for good quality well located or frontline golf, 2 bedroom, 2 bathroom apartments, under construction, with a building license, financing and bank guarantees in place, and a developers mortgage are available from around 200,000 euro.
Payment terms available are from 10% to 25% down with the balance payable on completion which can be covered by a developers mortgage.
For more information on financing see our mortgage guide

NOTE: There are apartments offered for sale at lower prices, but for a good and safe investment, they fall short on either Quality, Location, do not have Financing and Bank Guarantees in place or an "Independent" abogado [Spanish Lawyer] would not approve of the terms and conditions of the reservation and / or sales purchase contracts.

The good news is that the speculators have now moved on to other countries, where the limited period of "guaranteed" rental income, already added to the sale prices is not sustainable.
Things here are getting back to normal here, but as a result for now at least we have some great value opportunities for long term investors!.

Steve Gilbert [Director]
Costa del Sol Property Index S.L.
For more information about us and our company see about us

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